Social Security Options

Updated May 12, 1998 12:01 a.m. ET

Colorado's legislature has just asked the federal government for a waiver to allow the state to design and implement its own alternative retirement plans for workers. The idea began when the Cascade Institute convinced Oregon's legislature to pass a resolution calling for the state to be granted the right to explore private options on Social Security. Now the American Legislative Exchange Council reports that similar resolutions are pending in Arizona, Indiana, Utah, South Carolina, New Hampshire and Washington. Sounds like an idea whose time is...